Archive for the ‘You Can Quote Me On That’ Category

Dear PCAOB: My Response To Your Request For Comments

By Francine • Aug 15th, 2011

The PCAOB will hold an open meeting on Tuesday, August 16, to discuss a concept release soliciting public comments on ways that auditor independence, objectivity, and professional skepticism could be enhanced, including mandatory audit firm rotation. They are also soliciting comments on their Concept Release for changes to the auditor’s reporting model. I’ve written on these topics many, many times.

Share


New @Forbes: Bank of America Plays Hide And Seek Using Fannie Mae

By Francine • Aug 11th, 2011

Making the non-obvious connections between the audit firms and their clients, between the clients and each other, and between the firms and each other is getting to be like shooting fish in a barrel.

Share


Columbia Journalism Review Features McKenna On Roger Lowenstein

By Francine • May 25th, 2011

Ryan Chittum at the Columbia Journalism Review said some very nice things about my piece in Forbes on Roger Lowenstein and his “Wall Street: Not Guilty” piece.

Share


McKenna Linked To By American Lawyer Re: Berkshire Corporate Governance

By Francine • May 23rd, 2011

Ok, so it’s not a quote. And they don’t even mention my name. But indulge me a minute. I’m thrilled to have been linked to by American Lawyer’s Amy Kolz in the AmLawDaily Blog regarding the Berkshire Hathaway investigation of the Sokol affair.

Share


McKenna Quoted in American Banker re: Second-Lien Mortgages

By Francine • May 8th, 2011

I was quoted on May 2 in an article in American Banker by Alex Ulam entitled, “Why Second-Lien Loans Remain A Worry”. My quote focused on disclosures and transparency – for the loans and the reserves for losses. It’s a subject I’ve written about extensively.

Share


McKenna Quoted in The Sunday Times Dublin

By Francine • Apr 11th, 2011

It may be that real accounting industry reforms will come this time. More likely than not they will not. But you can count on one thing. I will keep talking and writing about the need for those reforms.

Share


Limit Up! A Review of “The Futures” by Emily Lambert w/Book TV Link

By Francine • Mar 5th, 2011

I’ve added the link for the Book TV taping at the bottom of the post.

Share


Summary of Posts on Disclosure of Litigation Contingencies

By Francine • Feb 5th, 2011

I’ve written extensively on the subject of disclosure of litigation contingencies, most recently for Forbes. My feelings about any clashes between auditors and accountants over disclosures for contingencies were outlined, with no subtlety, when the idea of tightening the requirements was first proposed in 2008.

Share


Still No Accountability: An Update On The Goldman Sachs Facebook Deal

By Francine • Jan 19th, 2011

This week the Goldman Sachs Facebook deal fell apart. Sort of. Due to the extensive media coverage of the details, in particular before they were final, Goldman Sachs was running some really big regulatory risks related to general solicitation of potential shareholders. Here’s an excerpt from what I wrote about the deal on January 4th. Read the rest in my column on Forbes, Accounting Watchdog.

Share


Goldman Sachs’ Senate Testimony: Did CFO Viniar Screw Their Pooch?

By Francine • Jan 5th, 2011

This article was originally posted on Going Concern.com on April 29, 2010.
I watched all 11 hours yesterday of the Goldman Sachs testimony to the Senate Permanent Committee on Investigations. I never expected anyone to mention the auditors and I was not disappointed. You may think, given my criticism of the auditors, that I would be [...]

Share